Russia Calls On South Korea to Release Tanker Held at Busan Port

MOSCOW, Oct 1 (Reuters) - Russia's Ministry of Foreign Affairs summoned South Korea's ambassador in Moscow on Monday and demanded that Seoul allow a Russian vessel to leave South Korea's port of Busan, the ministry said. The 'Sevastopol' has been illegally held at the port, the ministry said without adding what had served as the pretext for the alleged detention. "The … [Read more...]

MSC Stops Trade with Sanctioned Russian Entities

LONDON, April 17 (Reuters) - Mediterranean Shipping Company (MSC) has stopped any new trade with Russian entities targeted by U.S. sanctions, the world’s number two container group said on Tuesday. The United States on April 6 imposed sanctions against Russian entities and individuals to punish Moscow for its alleged meddling in the 2016 U.S. election and what the U.S. … [Read more...]

Commentary: A Tale of a Tanker, Russian Gas, Sanctions and Energy Politics

By Agnia Grigas Jan 24 (Reuters) - After months of President Donald Trump’s promises to bring about a new era of American “energy dominance,” largely based on booming oil and natural gas production, it was surprising to learn that the United States will continue importing liquefied natural gas this winter. Even more surprising: that the country could import its first … [Read more...]

This Sanction-Proof Rig Beats U.S. Policy From Cuba to Russia

By Jack Farchy and Chiara Albanese (Bloomberg) -- The oil rig was built mostly in China and drilled its first well in Cuba. Now it’s delivering a victory for Russia in its fight against U.S. sanctions. Italian oil giant Eni SpA and Russia’s state-controlled Rosneft PJSC are using the Scarabeo 9 ultra-deepwater rig to drill in water more than 2,000 meters (6,600 … [Read more...]